Construction
Financing
Need a new headquarters for your growing company? Need a new bridge for your city? Construction financing can help you get the job done.
Construction financing describes any type of financing used in the development of buildings, infrastructure, or energy projects. We have three groups that help companies finance construction projects:
- Energy Finance consists of specialists in upstream (exploration & production), midstream, power, and renewables. The team has helped finance projects for a variety of uses across the energy value chain, including power generation and electric grid operation and management
- Infrastructure Finance specializes in providing long-term, fixed-rate debt for transportation infrastructure projects, like ports, bridges, tunnels, passenger and freight rail, shipping terminals, and parking
- Credit Tenant Lease Financing provides construction-to-permanent financing as well as funding for sale/leaseback opportunities, capital leases, and acquisitions of single tenant, net leased properties for strong corporate and government tenants
Typical size
- $25 million - $300+ million
Typical uses
- New construction
- Renovation or expansion
- Property operation and management
- Infrastructure (roads, bridges, ramps, etc.)
Structural characteristics
- Investment grade long-term debt
- Project finance or traditional corporate issuance
- Maturities of up to 25+ years with custom amortization schedules
- Assets may be directly owned or operated through a long-term concession or contract
Issuer benefits
- Ability to receive capital and complex structures for a wide variety of asset types
- Capability to fund in local currency and in fixed or floating rate
PARTNER STORY
Whitecap Resources
This Canadian oil & natural gas transportation and storage company had two goals in mind: to term out a portion of outstanding debt under its borrowing base and diversify its access to long-term capital. They turned to us, and together, we tailor-made a $175 million multi-currency Pru-Shelf Facility.
“Prudential is one of the leaders in the private placement market, and we felt that they would be good long-term partners that we could work closely with, that understand the oil and gas business, and can appreciate the quality of assets that we have.”
Thanh Kang, Chief Financial Officer, Whitecap Resources
OUR PEOPLE
Let’s build something
great – together.
“As a capital provider, everything we do is meant to generate growth, and it’s always nice to see our partner companies accomplish their growth objectives.”
BRITTANY BRADEN
VICE PRESIDENT
ENERGY FINANCE
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